A TITLESTAD AS: årsregnskap 2011 vs 2010
Grew 10% on revenue, stronger earnings, cash halved-plus
approved 2012-02-14; registry 2012-02-16; journal 2012 304332
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for A TITLESTAD AS. Revenue 4.30m NOK → 4.73m NOK (+10.0%). Net result +171.0k NOK → +7.28m NOK. Equity 597.3k NOK → 580.1k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for A TITLESTAD AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.30m NOK to 4.73m NOK (+10.0% YoY). Calculated
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↑
Operating result improved
Operating result +235.6k NOK → +390.3k NOK (op. margin 5.5% → 8.3%). Calculated
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↑
Net result improved
Net result +171.0k NOK → +7.28m NOK (net margin 4.0% → 154.0%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 597.3k NOK → 580.1k NOK (equity ratio 40.4% → 71.0%). Calculated
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↓
Cash fell
Bank deposits 485.2k NOK → 106.6k NOK (-78.0% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.11× → 0.01× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 1.56m NOK → 1.69m NOK (+8.4% YoY). Calculated